| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Dec'09 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | ||||||||||||||||||||||||||||||||||||||||||
Bank deposit account fees | ||||||||||||||||||||||||||||||||||||||||||
444,000 | 454,000 | 438,000 | 421,000 | 430,000 | 428,000 | 392,000 | 387,000 | 381,000 | 381,000 | 307,000 | 286,000 | 269,000 | 245,000 | 230,000 | 234,000 | 235,000 | 227,000 | 218,000 | 209,000 | 205,000 | 207,000 | 208,000 | 202,000 | 202,000 | 208,000 | 200,000 | 199,000 | 200,000 | 205,000 | 208,000 | 206,000 | 209,000 | 205,000 | 200,241 | 196,817 | 187,471 | 178,471 | 176,631 | 180,075 | 169,963 | 155,331 | 125,118 |
Asset-based revenues: | ||||||||||||||||||||||||||||||||||||||||||
Interest revenue | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 150,000 | 148,000 | 128,000 | - | 122,000 | 116,000 | 118,000 | 117,000 | 120,000 | 108,000 | 111,000 | 125,042 | 132,334 | 122,804 | 116,820 | 112,544 | 112,804 | 101,412 | 101,240 | 101,204 |
Brokerage interest expense | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 2,000 | 1,000 | - | 2,000 | 2,000 | 2,000 | 1,000 | 2,000 | 1,000 | 2,000 | 1,419 | 1,052 | 1,237 | 1,292 | 7,849 | 1,422 | -1,444 | -1,827 | -2,564 |
Net interest revenue | ||||||||||||||||||||||||||||||||||||||||||
332,000 | 359,000 | 412,000 | 383,000 | 362,000 | 376,000 | 356,000 | 332,000 | 308,000 | 276,000 | 210,000 | 175,000 | 154,000 | 151,000 | 151,000 | 143,000 | 147,000 | 154,000 | 156,000 | 156,000 | 149,000 | 161,000 | 159,000 | 149,000 | 146,000 | 127,000 | 119,000 | 120,000 | 114,000 | 116,000 | 116,000 | 118,000 | 107,000 | 109,000 | 123,623 | 131,282 | 121,567 | 115,528 | 111,237 | 111,382 | 99,968 | 99,413 | 98,640 |
Investment product fees | ||||||||||||||||||||||||||||||||||||||||||
144,000 | 145,000 | 155,000 | 151,000 | 137,000 | 143,000 | 143,000 | 140,000 | 141,000 | 133,000 | 114,000 | 112,000 | 103,000 | 94,000 | 98,000 | 96,000 | 88,000 | 92,000 | 81,000 | 85,000 | 85,000 | 83,000 | 83,000 | 79,000 | 75,000 | 72,000 | 67,000 | 65,000 | 62,000 | 56,000 | 52,000 | 54,000 | 46,000 | 44,000 | 40,925 | 43,938 | 40,440 | 40,697 | 36,036 | 33,194 | 30,349 | 29,421 | 39,085 |
Total asset-based revenues | ||||||||||||||||||||||||||||||||||||||||||
920,000 | 958,000 | 1,005,000 | 955,000 | 929,000 | 947,000 | 891,000 | 859,000 | 830,000 | 790,000 | 631,000 | 573,000 | 526,000 | 490,000 | 479,000 | 473,000 | 470,000 | 473,000 | 455,000 | 450,000 | 439,000 | 451,000 | 450,000 | 430,000 | 423,000 | 407,000 | 386,000 | 384,000 | 376,000 | 377,000 | 376,000 | 378,000 | 362,000 | 358,000 | 364,789 | 372,037 | 349,478 | 334,696 | 323,904 | 324,651 | 300,280 | 284,165 | 262,843 |
Transaction-based revenues: | ||||||||||||||||||||||||||||||||||||||||||
Transaction fees and commissions | ||||||||||||||||||||||||||||||||||||||||||
481,000 | 305,000 | 501,000 | 477,000 | 487,000 | 537,000 | 483,000 | 490,000 | 556,000 | 440,000 | 329,000 | 335,000 | 365,000 | 355,000 | 337,000 | 347,000 | 360,000 | 328,000 | 364,000 | 328,000 | 350,000 | 359,000 | 332,000 | 317,000 | 374,000 | 328,000 | 306,000 | 321,000 | 287,000 | 257,000 | 256,000 | 266,000 | 292,000 | 273,000 | 315,393 | 281,591 | 338,320 | 292,696 | 250,259 | 333,081 | 301,272 | 309,388 | 338,450 |
Other revenues | ||||||||||||||||||||||||||||||||||||||||||
79,000 | 28,000 | 52,000 | 59,000 | 35,000 | 32,000 | 24,000 | 33,000 | 29,000 | 27,000 | 22,000 | 23,000 | 13,000 | 14,000 | 15,000 | 18,000 | 16,000 | 11,000 | 12,000 | 16,000 | 14,000 | 9,000 | 14,000 | 16,000 | 15,000 | 17,000 | 17,000 | 20,000 | 16,000 | 17,000 | 16,000 | 23,000 | 19,000 | 22,000 | 23,618 | 31,154 | 30,430 | 28,798 | 33,981 | 34,072 | 33,882 | 31,065 | 12,475 |
Net revenues | ||||||||||||||||||||||||||||||||||||||||||
1,480,000 | 1,291,000 | 1,558,000 | 1,491,000 | 1,451,000 | 1,516,000 | 1,398,000 | 1,382,000 | 1,415,000 | 1,257,000 | 982,000 | 931,000 | 904,000 | 859,000 | 831,000 | 838,000 | 846,000 | 812,000 | 831,000 | 794,000 | 803,000 | 819,000 | 796,000 | 763,000 | 812,000 | 752,000 | 709,000 | 725,000 | 679,000 | 651,000 | 648,000 | 667,000 | 673,000 | 653,000 | 703,800 | 684,782 | 718,228 | 656,190 | 608,144 | 691,804 | 635,434 | 624,618 | 613,768 |
Operating expenses: | ||||||||||||||||||||||||||||||||||||||||||
Employee compensation and benefits | ||||||||||||||||||||||||||||||||||||||||||
377,000 | 331,000 | 340,000 | 325,000 | 340,000 | 317,000 | 327,000 | 352,000 | 461,000 | 415,000 | 285,000 | 234,000 | 229,000 | 214,000 | 221,000 | 209,000 | 208,000 | 201,000 | 198,000 | 202,000 | 208,000 | 199,000 | 195,000 | 189,000 | 193,000 | 183,000 | 170,000 | 176,000 | 178,000 | 168,000 | 167,000 | 176,000 | 174,000 | 173,000 | 174,368 | 168,564 | 169,662 | 162,406 | 154,234 | 156,251 | 164,876 | 146,639 | 128,216 |
Clearing and execution costs | ||||||||||||||||||||||||||||||||||||||||||
75,000 | 50,000 | 48,000 | 59,000 | 53,000 | 49,000 | 40,000 | 46,000 | 56,000 | 47,000 | 38,000 | 38,000 | 37,000 | 36,000 | 34,000 | 35,000 | 37,000 | 30,000 | 40,000 | 36,000 | 37,000 | 35,000 | 35,000 | 35,000 | 34,000 | 30,000 | 28,000 | 30,000 | 27,000 | 24,000 | 23,000 | 22,000 | 24,000 | 20,000 | 28,434 | 22,648 | 25,119 | 23,799 | 21,577 | 22,387 | 24,131 | 21,905 | 16,141 |
Communications | ||||||||||||||||||||||||||||||||||||||||||
38,000 | 38,000 | 36,000 | 39,000 | 38,000 | 42,000 | 38,000 | 42,000 | 46,000 | 53,000 | 33,000 | 34,000 | 29,000 | 35,000 | 39,000 | 33,000 | 33,000 | 32,000 | 33,000 | 31,000 | 30,000 | 31,000 | 31,000 | 29,000 | 28,000 | 28,000 | 28,000 | 28,000 | 29,000 | 28,000 | 27,000 | 29,000 | 27,000 | 28,000 | 25,218 | 27,057 | 27,811 | 26,914 | 30,670 | 27,030 | 24,641 | 24,659 | 20,795 |
Occupancy and equipment costs | ||||||||||||||||||||||||||||||||||||||||||
65,000 | 65,000 | 67,000 | 67,000 | 65,000 | 68,000 | 76,000 | 67,000 | 79,000 | 80,000 | 48,000 | 44,000 | 45,000 | 44,000 | 42,000 | 43,000 | 43,000 | 43,000 | 43,000 | 40,000 | 39,000 | 41,000 | 40,000 | 39,000 | 40,000 | 37,000 | 39,000 | 42,000 | 40,000 | 39,000 | 39,000 | 36,000 | 37,000 | 38,000 | 37,338 | 36,318 | 33,153 | 35,191 | 38,816 | 35,452 | 33,843 | 34,889 | 29,951 |
Depreciation and amortization | ||||||||||||||||||||||||||||||||||||||||||
43,000 | 42,000 | 39,000 | 38,000 | 36,000 | 35,000 | 36,000 | 37,000 | 35,000 | 34,000 | 28,000 | 25,000 | 25,000 | 24,000 | 25,000 | 23,000 | 22,000 | 22,000 | 22,000 | 23,000 | 23,000 | 23,000 | 23,000 | 24,000 | 24,000 | 24,000 | 24,000 | 22,000 | 20,000 | 20,000 | 19,000 | 18,000 | 18,000 | 17,000 | 17,371 | 16,914 | 16,579 | 16,136 | 15,428 | 14,499 | 13,463 | 13,610 | 11,162 |
Amortization of acquired intangible assets | ||||||||||||||||||||||||||||||||||||||||||
30,000 | 30,000 | 32,000 | 31,000 | 31,000 | 31,000 | 34,000 | 32,000 | 37,000 | 38,000 | 22,000 | 19,000 | 19,000 | 19,000 | 20,000 | 22,000 | 22,000 | 22,000 | 23,000 | 22,000 | 22,000 | 23,000 | 23,000 | 22,000 | 22,000 | 23,000 | 23,000 | 23,000 | 22,000 | 23,000 | 23,000 | 23,000 | 23,000 | 23,000 | 24,253 | 24,083 | 24,073 | 24,591 | 24,277 | 25,119 | 25,024 | 25,580 | 17,551 |
Professional services | ||||||||||||||||||||||||||||||||||||||||||
69,000 | 97,000 | 75,000 | 71,000 | 74,000 | 74,000 | 73,000 | 70,000 | 86,000 | 74,000 | 81,000 | 67,000 | 59,000 | 53,000 | 57,000 | 47,000 | 37,000 | 37,000 | 38,000 | 43,000 | 41,000 | 37,000 | 38,000 | 42,000 | 37,000 | 38,000 | 42,000 | 36,000 | 33,000 | 34,000 | 39,000 | 40,000 | 44,000 | 45,000 | 46,743 | 42,882 | 40,059 | 40,316 | 34,830 | 31,998 | 31,465 | 33,707 | 43,949 |
Advertising | ||||||||||||||||||||||||||||||||||||||||||
87,000 | 80,000 | 86,000 | 80,000 | 74,000 | 58,000 | 76,000 | 63,000 | 90,000 | 64,000 | 59,000 | 58,000 | 80,000 | 57,000 | 59,000 | 58,000 | 81,000 | 62,000 | 48,000 | 54,000 | 82,000 | 64,000 | 45,000 | 48,000 | 94,000 | 63,000 | 55,000 | 56,000 | 76,000 | 52,000 | 57,000 | 50,000 | 84,000 | 57,000 | 48,908 | 48,109 | 81,400 | 74,583 | 61,641 | 51,596 | 71,570 | 65,193 | 41,376 |
Gains on money market funds and client guarantees | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,209 | -1,936 | - | 0 |
Other | ||||||||||||||||||||||||||||||||||||||||||
65,000 | 37,000 | 55,000 | 61,000 | 35,000 | 46,000 | 63,000 | 42,000 | 129,000 | 116,000 | 27,000 | 18,000 | 23,000 | 24,000 | 50,000 | 20,000 | 20,000 | 20,000 | 26,000 | 18,000 | 25,000 | 22,000 | 27,000 | 19,000 | 17,000 | 19,000 | 20,000 | 14,000 | 17,000 | 22,000 | 21,000 | 19,000 | 23,000 | 24,000 | 32,709 | 35,668 | 17,456 | 18,167 | 31,652 | 36,420 | 20,892 | 18,036 | 14,513 |
Total operating expenses | ||||||||||||||||||||||||||||||||||||||||||
849,000 | 770,000 | 778,000 | 771,000 | 746,000 | 720,000 | 763,000 | 751,000 | 1,019,000 | 921,000 | 621,000 | 537,000 | 546,000 | 506,000 | 547,000 | 490,000 | 503,000 | 469,000 | 471,000 | 469,000 | 507,000 | 475,000 | 457,000 | 447,000 | 489,000 | 445,000 | 429,000 | 427,000 | 442,000 | 410,000 | 415,000 | 413,000 | 454,000 | 425,000 | 435,342 | 422,243 | 435,312 | 422,103 | 411,270 | 391,543 | 407,969 | 384,218 | 323,654 |
Operating income | ||||||||||||||||||||||||||||||||||||||||||
631,000 | 521,000 | 780,000 | 720,000 | 705,000 | 796,000 | 635,000 | 631,000 | 396,000 | 336,000 | 361,000 | 394,000 | 358,000 | 353,000 | 284,000 | 348,000 | 343,000 | 343,000 | 360,000 | 325,000 | 296,000 | 344,000 | 339,000 | 316,000 | 323,000 | 307,000 | 280,000 | 298,000 | 237,000 | 241,000 | 233,000 | 254,000 | 219,000 | 228,000 | 268,458 | 262,539 | 282,916 | 234,087 | 196,874 | 300,261 | 227,465 | 240,400 | 290,114 |
Other expense (income): | ||||||||||||||||||||||||||||||||||||||||||
Interest on borrowings | ||||||||||||||||||||||||||||||||||||||||||
31,000 | 32,000 | 38,000 | 37,000 | 37,000 | 32,000 | 27,000 | 28,000 | 24,000 | 20,000 | 23,000 | 20,000 | 14,000 | 14,000 | 14,000 | 14,000 | 13,000 | 12,000 | 12,000 | 13,000 | 9,000 | 9,000 | 7,000 | 6,000 | 6,000 | 6,000 | 7,000 | 6,000 | 6,000 | 6,000 | 7,000 | 7,000 | 7,000 | 7,000 | 6,773 | 6,916 | 7,486 | 10,825 | 11,237 | 11,197 | 10,937 | 11,629 | 8,365 |
Gain (Loss) on Disposition of Assets | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | 60,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Other expense (income), net | ||||||||||||||||||||||||||||||||||||||||||
-1,000 | 2,000 | -2,000 | 0 | 0 | 14,000 | 1,000 | 0 | 0 | -2,000 | -2,000 | 1,000 | 0 | 0 | - | - | - | - | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Loss on debt refinancing | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,435 | - | - | -392 | 0 | 0 | 8,392 | 0 |
Loss on sale of investments | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | 0 | - | - | 0 | 0 | 0 | -11,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | 7,000 | - | - | - | 0 | - | - | 49,000 | 6,000 | 0 | 2,000 | - | - | - | - | - | - | - | - | - | - | - | - | -2,003 |
Total other expense, net | ||||||||||||||||||||||||||||||||||||||||||
-32,000 | -30,000 | -40,000 | 23,000 | -37,000 | -18,000 | -26,000 | -28,000 | -24,000 | -33,000 | -23,000 | -21,000 | -14,000 | -14,000 | -14,000 | -14,000 | -13,000 | -12,000 | -12,000 | -6,000 | -9,000 | -10,000 | 3,000 | -6,000 | -6,000 | -6,000 | 42,000 | 0 | -6,000 | -4,000 | -7,000 | -7,000 | -7,000 | -7,000 | - | -8,351 | - | - | -32,719 | -11,197 | 10,937 | -20,021 | -10,368 |
Pre-tax income | ||||||||||||||||||||||||||||||||||||||||||
599,000 | 491,000 | 740,000 | 743,000 | 668,000 | 778,000 | 609,000 | 603,000 | 372,000 | 303,000 | 338,000 | 373,000 | 344,000 | 339,000 | 270,000 | 334,000 | 330,000 | 331,000 | 348,000 | 319,000 | 287,000 | 334,000 | 342,000 | 310,000 | 317,000 | 301,000 | 322,000 | 298,000 | 231,000 | 237,000 | 226,000 | 247,000 | 212,000 | 221,000 | 264,120 | 254,188 | 275,430 | 223,262 | 186,029 | 289,064 | 216,528 | 220,379 | 279,746 |
Provision for income taxes | ||||||||||||||||||||||||||||||||||||||||||
153,000 | 112,000 | 190,000 | 188,000 | 169,000 | 174,000 | 155,000 | 152,000 | 101,000 | 6,000 | 127,000 | 142,000 | 130,000 | 123,000 | 85,000 | 94,000 | 125,000 | 119,000 | 132,000 | 122,000 | 98,000 | 123,000 | 131,000 | 120,000 | 123,000 | 109,000 | 122,000 | 114,000 | 87,000 | 90,000 | 83,000 | 93,000 | 75,000 | 69,000 | 100,222 | 96,793 | 103,762 | 78,223 | 72,257 | 109,625 | 53,976 | 84,142 | 109,209 |
Net Income (Loss) Attributable to Parent | ||||||||||||||||||||||||||||||||||||||||||
446,000 | 379,000 | 550,000 | 555,000 | 499,000 | 604,000 | 454,000 | 451,000 | 271,000 | 297,000 | 211,000 | 231,000 | 214,000 | 216,000 | 185,000 | 240,000 | 205,000 | 212,000 | 216,000 | 197,000 | 189,000 | 211,000 | 211,000 | 190,000 | 194,000 | 192,000 | 200,000 | 184,000 | 144,000 | 147,000 | 143,000 | 154,000 | 137,000 | 152,000 | 163,898 | 157,395 | 171,668 | 145,039 | 113,772 | 179,439 | 162,552 | 136,237 | 170,537 |
Earnings per share - basic (in USD per share) | ||||||||||||||||||||||||||||||||||||||||||
0.82 | 0.70 | 1.01 | 1.01 | 0.89 | 1.07 | 0.81 | 0.79 | 0.48 | 0.52 | 0.39 | 0.44 | 0.41 | 0.41 | 0.37 | 0.45 | 0.38 | 0.39 | 0.40 | 0.36 | 0.35 | 0.39 | 0.39 | 0.34 | 0.35 | 0.35 | 0.37 | 0.33 | 0.26 | 0.27 | 0.26 | 0.28 | 0.25 | 0.28 | 0.29 | 0.28 | 0.30 | 0.25 | 0.19 | 0.31 | 0.28 | 0.23 | 0.30 |
Earnings per share - diluted (in USD per share) | ||||||||||||||||||||||||||||||||||||||||||
0.82 | 0.70 | 1.00 | 1.00 | 0.89 | 1.07 | 0.80 | 0.79 | 0.48 | 0.52 | 0.39 | 0.44 | 0.40 | 0.41 | 0.36 | 0.45 | 0.38 | 0.39 | 0.39 | 0.36 | 0.35 | 0.39 | 0.38 | 0.34 | 0.35 | 0.35 | 0.36 | 0.33 | 0.26 | 0.27 | 0.26 | 0.28 | 0.25 | 0.27 | 0.29 | 0.27 | 0.30 | 0.25 | 0.20 | 0.30 | 0.27 | 0.23 | 0.30 |
Weighted average shares outstanding - basic (in shares) | ||||||||||||||||||||||||||||||||||||||||||
541,000 | 541,000 | 546,000 | 552,000 | 560,000 | 562,000 | 566,000 | 568,000 | 567,000 | 567,000 | 533,000 | 528,000 | 528,000 | 527,000 | 525,000 | 529,000 | 533,000 | 537,000 | 540,000 | 544,000 | 544,000 | 544,000 | 547,000 | 551,000 | 551,000 | 551,000 | 551,000 | 550,000 | 549,000 | 546,000 | 545,000 | 548,000 | 549,000 | 550,000 | 560,923 | 570,287 | 573,305 | 575,485 | 575,453 | 587,086 | 589,618 | 587,843 | 563,792 |
Weighted average shares outstanding - diluted (in shares) | ||||||||||||||||||||||||||||||||||||||||||
543,000 | 543,000 | 548,000 | 554,000 | 562,000 | 564,000 | 567,000 | 570,000 | 570,000 | 569,000 | 534,000 | 530,000 | 530,000 | 530,000 | 530,000 | 531,000 | 535,000 | 540,000 | 546,000 | 547,000 | 547,000 | 548,000 | 550,000 | 555,000 | 556,000 | 555,000 | 557,000 | 554,000 | 554,000 | 551,000 | 554,000 | 553,000 | 554,000 | 555,000 | 566,514 | 576,784 | 579,459 | 581,243 | 582,329 | 593,647 | 596,390 | 595,634 | 571,772 |
Dividends declared per share (in USD per share) | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | 0.21 | 0.21 | - | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.17 | 0.15 | 0.15 | 0.15 | 0.15 | 0.12 | 0.12 | 0.12 | 0.62 | 0.09 | 0.09 | 0.09 | 0.59 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | - | - | - | - | - |